• Hedera’s governing council now includes a top-five UK university

  • Following UCL’s admission last year, the London School of Economics and Political Science (LSE) has officially joined Hedera Hashgraph’s panoply of 39 global governing council members, confirming their place as the second academic institution to support the blockchain platform.

    Hedera Hashgraph is an enterprise-grade distributed ledger technology that enables the development of new and existing web applications in the decentralized economy.

    Members of their governing consortium, which includes established industry leaders such as Google, IBM, Boeing, and Chainlink Labs, among others, have pledged to support Hedera’s ambitions for the expansion of its decentralized open-source ledger network. Members carry out this responsibility by establishing and maintaining nodes on the public blockchain, voting on critical software decisions, and increasing public awareness of the platform’s work.

    To ensure democratic principles are upheld, the membership model is propelled by a three-year rotation system.

    The institution will focus on advancing their development in the areas of blockchain and DLT, represented in this venture by their educational philanthropy arm LSE Enterprise, which is designed to “enable and facilitate the application of its academic expertise and intellectual resources.”

    This move will support their ambitions to transition academic research into real-world application, having already established a strong knowledge of these emerging sectors through their work with regulatory bodies and central banks.

    In practice, LSE students and faculty will be able to attend hackathons, thought leadership seminars, and research initiatives to expand their knowledge of sector technologies.

    Thamim Ahmed, a senior research associate at LSE, was contacted by Cointelegraph for more information on the implications of using blockchain for social and sustainability initiatives. He stated:

    “The COVID-19 pandemic and the climate crisis highlight the importance of examining new models and solutions in how organizations and businesses operate and collaborate in ever-changing times. Joining Hedera’s Governance Council, along with 21 other leading enterprises, will allow LSE academics to be at the forefront of thought leadership in socially impactful new governance structures for web 3.0 platforms.”
    LSE’s inclusion on the governing council, according to Hedera, will provide access to a vast network of professionals and industry contacts on the cutting edge of Web 3.0 advancements.

    Carsten Srensen, associate professor of information systems and innovation at LSE, shared his thoughts on the collaboration:

    “Joining the Hedera Governing Council is a significant step forward in expanding our digital transformation research collaboration and knowledge sharing. In doing so, we hope to significantly expand our research footprint in understanding how DLT and blockchains can benefit society by pioneering digital sustainable projects.”

    Mance Harmon, CEO and co-founder of Hedera, also expressed his thoughts, saying, “As a world renowned, top-ranked academic institution, LSE’s inclusion on the Hedera Governing Council is a fantastic development for our community, and the entire decentralized economy.”

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